Portfolio map · Government fund · Canada
Natural Resources Canada portfolio map
37 startups Natural Resources Canada has backed in rounds we track, since 2021, grouped by their main sector. Together they have raised $187M. The biggest sector is Energy, with 17 companies.
Energy
17
Funding by segment
- Energy$44M17
- Cleantech$68M10
- Oil & Gas$49M4
- Fintech$22M3
- Manufacturing$3.9M3
Where they are based
- Canada34$174M
- United States2$11M
- Australia1$1.9M
Canada
United States
AustraliaFounded
10 without a founding year on record.
Total raised
- Under $1M9
- $1M to $10M23
- $10M to $50M5
- $50M to $250M0
- $250M to $1B0
- $1B and over0
Each dot is a startup: the year it was founded across, the total it has raised up (each line is ten times the one below). Pick a segment to pick it out.
26 of 37 startups shown; the rest have no founding year or amount on record.
- 1 to 2
- 3 to 7
- 8 to 24
- 25 to 99
- 100 and more
- Canada34
- United States2
- Australia1
Startups by country, 3 countries in all.
Segment by segment
Energy
17 startups · $44M raised
Electra Battery MaterialsElectra Battery Materials develops and produces battery-grade materials for the electric vehicle (EV) and energy storage industries.Canada$20M
AlumaPowerAlumaPower develops an aluminum-based energy source providing carbon-free energy.Canada$3.6M
Baseload PowerBaseload Power is a values-driven energy company that works closely with electricity consumers, landowners, utilities, stakeholders.Canada$3.5M
BC BiocarbonBC Biocarbon Ltd.Canada$2.5M
Atura PowerAtura Power is a gas turbine power plant that specializes in electricity systems and generation supplies.Canada$2.5M
Razor EnergyRazor is a pivotal leading-edge enterpriseCanada$1.8M
Canadian Renewable Energy AssociationCanadian Renewable Energy Association is the voice for wind energy solar energy and energy storage solutions.Canada$1.6M
Defense MetalsDefense Metals is a mineral exploration company that specializes in the acquisition of mineral deposits containing metals and elements.Canada$1.4M
Cleantech
10 startups · $68M raised
Torngat MetalsTorngat Metals provides separated rare earth oxides based on its mine feed and recycled feeds, such as end of life magnets and motors.Canada$43M
Nunavut Nunkiksautiit CorporationNunavut Nunkiksautiit seeks to create jobs, local revenue in communities, and build local capacity within the renewable energy sector.Canada$10M
IonadaIonada is a clean technology company founded in 2013, focused on air emission and water treatment technologies.Canada$3.3M
CHAR TechnologiesCHAR Technologies is a cleantech development and environmental services company.Canada$2.9M
Propulsion QuebecPropulsion Quebec is a transportation company that supports the development and deployment of smart and electric transportation.Canada$2.2M
CERT SystemsCERT Systems is converting carbon dioxide into conventional chemical feedstocks and fuels.Canada$2.0M
TerraFixingTerraFixing is a Canadian direct air capture (DAC) company.Canada$1.8M
Agora Energy TechnologiesAgora Energy Technologies provides an electrochemical engineering company that utilizes captured CO2 and generates electricity.Canada$1.7M
Oil & Gas
4 startups · $49M raised
Fireweed MetalsFireweed Metals is a Canadian mining exploration and development company.Canada$44M
Northcliff ResourcesNorthcliff Resources is a mineral development company focused on advancing the Sisson Tungsten-Molybdenum.Canada$2.5M
Occam's TechnologiesOccam's Technologies creates carbon capture solutions for the most neglected source of emissions: internal combustion engines.Canada$2.0M
Optiseis Solutions LtdOptiSeis Solutions is a geophysical acquisition design & software company, specializing in seismic survey designs.Canada$538K
Fintech
3 startups · $22M raised
- NNadaUnited States$11M
SofiacSOFIAC helps commercial and industrial sector businesses to increase their profitability through development, financing.Canada$9.2M
Sakku InvestmentsSakku Investments Corporation focuses on employment, real estate, renewable energy, and transportation for Inuit in the Kivalliq region.Canada$1.8M
Manufacturing
3 startups · $3.9M raised
NXTSENS MicrosystemsNXTSENS Microsystems is a performance leading fabless semiconductor company that provides tailored sensing, timing.Canada$1.9M
Mont Royal ResourcesMont Royal Resources engages in the mining and exploration of mineral projects.Australia$1.9M
GamotechGamotech creates and commercializes technology that minimizes carbon emissions in municipal and commercial fleets today.Canada$71K
How this map is made. Every startup here has raised money in a round we track that names Natural Resources Canada as an investor, the first in 2021. Each sits under its main sector, read from its rounds, and each sector shows its best-funded first; sectors with fewer than three companies are left off. Rebuilt nightly; updated 15 November 2026.
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